It’s the time to profile non-filers: FBR’s bid to launch “Asaan Tax Portal”.

In this week, the Federal Board of Revenue (FBR) would bring out “Tax Asaan Portal”, in its motive to furnish comprehensive details involving financial transactions of people (non-filers) in millions just in order to reinforce people to register, pay taxes, and ultimately bring them up into the tax filing system. 

Sources associated with Business Recorder, told them on last Thursday that, FBR is about to unveil “Tax Asaan Portal” in the upcoming week, with the assistance of NADRA’s work on profiling of non-filers in the case of income tax returns.   

The available information and data interchanged with each of the stakeholders, would be made part of the profiling of the non-filers and their estimated tax liability.

The portal will come up with the complete details of the movable and immovable assets of non-filers, with all their financial transactions, and furthermore the portal is equipped with the capability to calculate the estimated tax of the non-filers.

Essentials of Filing Tax Returns: FBR to support newcomers (taxpayers).

People (non-filers) will receive SMS on their mobile phones to get access to the Tax Asaan Portal. Through which on the portal they would be granted the capacity to assess the details of their assets and estimate their tax liability. They would be allotted time to check, verify the details, voluntarily file the tax returns and pay the due taxes amount.

For the very first time, this is the greatest opportunity granted by FBR to non-filers to file their income tax returns on their own and free of cost.

The FBR has information and data already available, that was exchanged earlier before with NADRA. The bunch of information and data is regarded with the assets and expenditures of the persons outside the tax net from various sources. That sort of information will be available to non-filers which are not in the tax net but would be brought down through the Asaan Tax Portal.    

With reference to Section 114B from Income Tax Ordinance 2001, the FBR will exercise its powers to issue income tax general order with respect to the nature of persons who had not filed tax returns but were liable to file tax returns under the provisions of this Ordinance. The income tax general order emphasizes punishments for the persons mentioned therein: Disabling of mobile phones, blocking of mobile phone SIMs; cutting of electricity connection, gas, and water connection. 

In case of non-compliance, the FBR or the commissioner having jurisdiction over the person mentioned in the income tax general order may order restoration of mobile phones, mobile phone SMS and connections of electricity and gas, on that account, where the person is satisfied that the return has been filed; or the person was not liable to file a return under the provisions of the Income Tax Ordinance.

Breakthrough in a Snapshot:

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Sources:

Business Recorder (Website)

Faheem Practical Learning House (YouTube)